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How do you win the spread?

For example, the Colts are a -3 point favorite against the Texans. The -3 points is the spread. If you want to bet the Colts on the spread, it would mean the Colts need to win by at least three points for you to win the bet.

rotowire.com - What is the spread in sports betting? - Rotowire
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What is the spread in sports betting?

The spread, also referred to as the line, is used to even the odds between two unevenly matched teams. Bookmakers set a spread with the hopes of getting equal action on both sides of a game. For example, the Colts are a -3 point favorite against the Texans. The -3 points is the spread. If you want to bet the Colts on the spread, it would mean the Colts need to win by at least three points for you to win the bet. If the Colts win by two points, you would lose the bet because they didn't hit the key number of three. The spread at -3 suggests the teams are fairly equal and maybe in this case, the Colts are only -3 because they are playing at home. Bookmakers see these teams as equal and expect to receive fairly even money from bettors. If these teams were widely considered equal and bookmakers put the spread at -10, they wouldn't get equal money as Texans +10 would likely be pounded by bettors. In a spread bet, the odds are usually set at -110 on both sides, depending on the sportsbook and state. That means whether you bet the Colts -3 or Texans +3, you'll win the same amount of money if you win the bet. If you like the Colts to win but think three points is a tricky number, a moneyline bet could be made on the winning team with no points in the equation. In the above example, a Colts moneyline bet doesn't have any other requirements other than they win the game. The difference is that their odds may be set at -140 to win. On the other end, the Texans could be +120 to win. While betting the Colts moneyline leads to a smaller payout, an underdog moneyline bet on the Texans would yield more money because you'd get money on them winning the game straight up. In a spread bet, even if the Texans won straight up, you'd still only win the bet because they lost by less than three points. For spread bettors that are located in Ohio, you can wager as of January 1, 2023. Use the BetMGM Ohio bonus code to get started.

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What does +3 spread mean in basketball?

If the underdog wins the game outright then the wager cashes also. For example, let's say the Los Angeles Lakers are a -3 favorite vs the Celtics. This means the Celtics are a +3 underdog. Spread.

onlinebetting.com - NBA point spread betting explained - OnlineBetting.com

Point spread betting in the NBA is an electrifying way to wager on NBA teams. Whether you think a favorite will win by a margin or you predict an underdog to pull an upset by keeping the game close with the potential to cover a large spread. You can almost always expect a thrill with a lot of ups and downs during the NBA contest. In each NBA game there’s a favorite (the team predicted to win) and an underdog (the weaker team). If you’re betting on the favorite you’re betting that they will win the game by a certain margin. On the flip side, if you’re taking a wager on the underdog, you’re betting that the weaker team in the matchup will lose by less points than the same amount. If the underdog wins the game outright then the wager cashes also. For example, let's say the Los Angeles Lakers are a -3 favorite vs the Celtics. This means the Celtics are a +3 underdog.

Spread Odds Boston Celtics +3 -110 Los Angeles Lakers -3 -110

If you bet the Lakers to win on the spread then you need the Lakers to win the game by 4 points. Conversely if you bet the Celtics on the spread then you need the Celtics to lose by 1 point, 2 points or win the game outright. In this example if the Lakers win by 3 exactly or the Celtics lose by 3 exactly it’s considered a push and bets are refunded.

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